Annual Report 2024-2025 - Flipbook - Page 34
FOUNDATION BOARD
Chair: Spencer Cady
Strategic Grants:
Vice Chair: Dave Vaudt
Strategic Grants require the approval of Plymouth Church’s
Executive Committee and the Senior Pastor. They are available
anytime throughout the year, subject to the availability of funds.
A total of $515,000 in strategic grants was approved since the
spring of 2024:
Secretary: Mickey Carlson
Treasurer: Ted Oberlander
Staff Liaison: Jared Wortman and Jim Denman
Board of Trustee Liaison: Richard Swanson
Mission from Bylaws:
The Foundation was formed in 1979 for the purpose of soliciting
and accepting “contributions, gifts, funds, devices and bequests
of personal or real property which along with the income
therefrom, shall be held, administered, and expended exclusively
for the use and direct benefit of Plymouth Congregational
United Church of Christ and the furtherance of its purposes.”
Grant
Program Year
Grant Description
Grant
Amount
Date
2024
Strategic Application
Building and Grounds for
Deferred Maintenance
$110,000
6/26/24
2024
Stewardship Match
$125,000
8/28/24
2024
Capital Campaign
Consultant Contract
$100,000
10/10/24
2025
West Elevator Replacement
$180,000
4/23/24
Total Strategic Grants
$515,000
Major Events/Achievements in 2024-2025:
Finances:
Competitive Grants:
The Investment Committee of the Foundation, with the guidance
of professional investment advisors, manages the Foundation
assets and ensures adherence to the Foundation’s investment
policies, as approved by the Board. Each year the Foundation
spends a portion of its income on grants to the Church for
significant ministries, projects or programs. The remaining
income is invested to secure the present and future strength, and
to foster growth of the Foundation’s resources.
Competitive grants are awarded twice a year, in April and
October. The following grants in the amount of $8,363 since the
spring of 2024.
In July 2024, the Foundation transitioned the management of its
investments from UBS to the Community Foundation of Greater
Des Moines.
As of December 31, 2024, the Foundation’s total assets were
$9,731,447.40. Included in the Foundation’s total assets is
$2,279,982.99 in restricted assets for the Transition into Ministry
(TiM) program, $80,731.01 in restricted assets for the Laverman/
Sallade Fund, and $40,655.19 in restricted assets for the Rainbow
Action Network.
Each February, the Board establishes the funding pools for the
following grant program year in accordance with the Foundation’s
Grant Policy. The grant amounts determined for the 2024-2025
program year (and those set in prior years) are set forth below:
Funding Pool
Strategic
32
$355,100
Grant Description
Grant
Amount
Board/
Committee
2024
Deacon Baskets
$738
Board of Deacons
2024
Banned Book Art
Exhibit and Events
$4,500
Board of Music
and Arts
2025
Waveland Hallway
Art Exhibit
$3,125
Board of Music
and Arts
Total Competitive
Grants
$8,363
Board Members:
Spencer Cady
Dave Vaudt
Strategic and Competitive Grants:
Grant Program
2024-2025
Grant
Program Year
Grant Program
2025-2026
$340,000
Competitive
$10,000
$10,000
Sustainability
$300,000
$250,000
Mickey Carlson
Beech Turner
Bob Burnett
Libby Jacobs
Nora Everett
Jan Burch
Ted Oberlander
